Project Insights

CNPC subsidiary output to pass 89 bcm in 2018

CNPC subsidiaries are set to produce 89.4 bcm this year
By Staff reporter 9 October 2018 Asia Pacific / Supply & Demand 0 32842

China National Petroleum Corp.’s (CNPC’s) Southwest Oil and Gasfield unit, together with its Changqing, Tarim and Dagang oilfield subsidiaries, are predicted to produce a total of 89.4 billion cubic metres of gas in 2018, CNPC said on Tuesday.

Changqing Oilfield is targeting output of 38.0 bcm this year, while Tarim Oilfield will increase production by 1.0 bcm, to reach 26.2 bcm.

The Southwest Oil and Gasfield unit will expand its output by 10% year on year, to 23.0 bcm, while its shale gas output...